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In Edgar , you can no longer find careclix by searching w “SOLI”
You have to type in careclix now.
Not sure if this means anything, but at least something.
As we move forward with the full consolidation and integration of the CareClix operations, as wholly owned subsidiaries of LFER, we are pleased with the significant progress that CareClix made since its last published financials back in 2019. When we are able to release the financial statement of our new subsidiaries on completion of the pending audits,, we believe that our shareholders will be pleasantly surprised at the revenues that we will have added to our combined company. We feel confident that our current pace of revenues (on a consolidated basis with CareClix) will have surpassed the revenues that LFER was achieving back in 2018 when it was operating as a CPG company in a much less attractive industry from a valuation standpoint. This is a major achievement.
LFER was trading at 2-3$ but in 2018
Wrong asset. That’s crypto.
2 million $ of less debt in the books
Hey Kindo, You’ve been here for a while.. things have been ruff.. but in the beginning the narrative was how professional they were. Systematically doing what needed to be done to get to the next level. Retiring those shares form the case, complying with healthcare standards, up-listing and all the new partnerships.
The mess they got themselves in has been hard to resolve, but once we do, I think this is a good story.
The convergence of these two subsidiaries is very interesting.. there is a real need for what smart axiom is trying to provide in the the healthcare industry.
This could be a great partnership. I’m expecting lots of pr’s once it’s all settled.
“ engage w the right sponsor” really sounds like SPAC
Things could move quickly once S4 approved by SEC
Here a good one:
In this vein, we are engaging outside parties to help scale the CareClix businesses, both organically and possibly through further M&A. This will allow LFER to engage with the right sponsor(s) in order to help LFER up list the company this year.
THIS YEAR!
Maybe OTC gets a rebirth from this carnage on the big boards..
In the last 30 months, we have been on the GREY market for around 25 of them.
Un freaking believable.
https://investors.cloverhealth.com/news-releases/news-release-details/clover-health-beats-expectations-medicare-advantage-membership/
Positive 25% enrollment
Wait till we are an option in all 50 states…
9(a) Financial statements of businesses or funds acquired. The financial statements of the four CareClix subsidiaries to be acquired by LFER are currently being restated to a fiscal year ending May 28 from their current calendar year reporting to conform to the fiscal year of LFER, and then will be audited for the fiscal years ended May 28, 2019, 2020 and 2021. These audited financial statements will be included in the LFER Form 2-4 to be filed as well as the required disclosures following Closing of the Transaction
Market missing the boat on this one.. surprised we not north of .15 without careclix.. we will be in mid .20s w final aquisition. Then in .30s and .40s with first pr
From 10-k March 2020
Competition
Our primary competitors are Teladoc Health, AmWell, MDLIVE, Doxy.me, Zoom and Doctor on Demand. Most of our competitors are providing broad-based primary care medicine. We provide a complete virtual care platform that includes primary care along with specialty specific integration. Many doctors are specialists who need specific telemedicine tools to treat their patients virtually. We create virtual clinics that are specialty specific to the doctors. This empowers them to become like a virtual hospital. It promotes cross referrals and allows them to each have tools specific to their specialty while all using the same platform.
Many of our competitors built their company upon their integration with one medical record company. We have been expanding our integrations with large and small medical record providers.
Here’s what the contract says
2.2.4.1 Seller has furnished or made available to Buyer, or will make available to Buyer prior to the Closing, true and complete copies of the financial statements of The CareClix Group for the its past two (2019 and 2020) fiscal years or such lesser periods as any member of the CareClix Group has been in operation, (the “The CareClix Group Financial Statement”), and Seller shall furnish or make available to Buyer true and complete copies of The CareClix Group's financial statements for all monthly periods ending after its most recent fiscal year up to and including the Closing.
2.2.4.2 The CareClix Group Financial Statements were prepared in accordance with accounting rules applied on a basis consistent throughout the periods indicated (except as otherwise stated in such financial statements, including the related notes, and except that, in the case of unaudited financial statements for the subsequent quarterly periods referenced above, such unaudited financial statements fairly present in all material respects the consolidated financial condition and the results of operations of The CareClix Group as at the respective dates thereof and for the periods indicated therein
I doubt that was a buy/sell
MMS moving shares before going to a new ticker imo
We gonna hit close to .20 before SOLI even in the mix
Just an opinion
Hopefully that’s all the mm’s have to manipulate..see if we see more of these as we get closer.
600k shares moved
I disagree with the last part of your statement, but it’s your choice. Cost averaging and patience have been two of the most important aspects of trading for me. Perhaps wait till the trading starts and see from there … the first day will give us a better idea of where we are at..
Let’s see how it plays out. Who knows , maybe we gap up in first day ? In the meantime, you can seriously bring your average down by buying lfer shares…
It’s not resistance from sellers..it feels like the mm don’t want to let it go up organically. We haven’t had huge volume days since news, but those 300k volume days felt like it was being suppressed.
It will go up once the deal is done and the companies are united and trading.
Surprised a bit that LFER has not passed into the teens w this acquisition.
8k also confirms that most of the filing will be done by the 31st.. thumbs up
Looks good. Financials have already been shared.. only not clear who are “certain” shareholders and who aren’t..
No one is sure, but there is a plausible chance you will get 1:1
We shall see.
Anyone else getting an MRB securities acknowledgment post upon attempting to buy?
Anyone unfamiliar w the SOLI story:
SOLI / CareClix, we’re actually doing everything right and future was looking incredibly positive. Two things happened that got us here:
1) SEC came down hard on us on a badly worded PR related to Covid tests. It was BS. Anyway we got sent to grey market.
2) While on grey, an accounting issue was found related to shares allocation and I’m not enough of an accountant to elaborate, but they were unable to rectify, except by what seems to be happening now.
Careclix is not a scam. Not even close. This company will be trading on Nasdaq in the future and who knows how big they could become.
I have no idea why there are some who wake up and spread nonsense about this company.
Can’t speak for the last ten years of LFER, but I can tell you this, CareClix is a major player in TeleHealth. Their software is used in over 30 countries world wide and in every state in the USA.
Let’s see what the financials show. Last time we saw some numbers they were not even far away from being profitable.
LFER$SOLI$
Funny thing is Elvis could actually have a better cost average then most if he was to buy LFER shares at this price. I am curious what happens on first day of joint trading.
Looking fwrd to 2022
SOLIFERNAIRRES$$$
It’s also quite possible that the D form filing of 5 - 25 million represents 2020 revenue and not 2021.
Ya I guess question 10 clarifies that this is not part of the stock purchase acquisition.
how do you see the acquisition affecting the share price specifically on the first day where we see our shares w LFER.
Will the mm’s adjust the SP w the new share structure and new company or just let it trade at whatever LFER is trading at the previous day.
Is it possible that we see a significant gap jump regardless of sell/buy orders?
Soli was trading comfortably around .40 cents average before the bad news. Will that be something that will affect LFER once the stock purchase has finished?
what doesn’t make any sense though is retail selling at 5$
So where is this selling pressure coming from
Thanks Chris. Seems like their are some big positives here. CareClix has a lot to offer as well. My guess is that they will be up-listing at some point in the future once they have combined/merged. There is a lot to be excited about, though it has been a tough year for SOLI shareholders.
Telehealth and internet security. Sounds good to me.